Sufiy.: Lundin Mining LUN.to LMC Lundins bought another 2 million shares

Wednesday, November 07, 2007

Lundin Mining LUN.to LMC Lundins bought another 2 million shares

Stock is forming a nice double bottom on the chart and is close to another Buy.

Lundin Family Trust has bought another 2 million shares.

Situation in Congo will be resolved smoothly in the nearest future: Kabila can not allow to damage his investment "status" with big companies, alterations could be made, but they FCX will stay. Once uncertainty will go away discount on Congo assets will be much lower, stock price will rebound.

http://www.easybourse.com/Website/dynamic/FicheValeur-Actualites.php?ISIN=ZAE000043485&NewsID=335046

http://www.zwnews.com/issuefull.cfm?ArticleID=17679

Regarding earnings: will Lundins be buying 2 million shares if something were wrong? I really doubt so.

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